PCL 6.67% 1.4¢ pancontinental energy nl

3.6c., page-11

  1. 310 Posts.
    Hi there!

    Ship(s) still there, FAR up, BG no spectacular up or down move this morning in London (anyway a duster would hardly influence their shareprice, they're too big), so what to read into it.

    I think nobody knows anything so far for sure, even the guys on the rig can only guess what they have, but without propper logging, testing and analyses nothing is for sure.

    Therefore time will tell.

    I think most of the sellers during the last days and weeks are a) traders who were waiting for a rise of the shareprice during drilling which did not happen and b) shareholders who lost confidence or who anticipated a duster.

    As long as the volume is below 10 million out of 1,2 billion shares there is nothing to worry about. On the other side hardly anybody wants to jump on the train just before the expected release of the results. Therefore low volume can drive the price down quickly, we've seen this lots of times before.

    Therefore we have to wait to see, all other is pure speculation.

    All IMHO,
    and have a good evening,
    Neo
 
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1.4¢
Change
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Mkt cap ! $113.8M
Open High Low Value Volume
1.6¢ 1.6¢ 1.4¢ $94.24K 6.267M

Buyers (Bids)

No. Vol. Price($)
22 9218732 1.4¢
 

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Price($) Vol. No.
1.5¢ 300000 1
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